Deacon923
Scooter Banks
http://dealbook.nytimes.com/2014/07/14/citigroup-and-u-s-reach-7-billion-mortgage-settlement/
Won't hold my breath on that last part.
BofA is next.
The Justice Department, however, rejected that argument, emphasizing instead what it saw as Citigroup’s level of culpability based on emails and other evidence it had uncovered.
“Despite the fact that Citigroup learned of serious and widespread defects among the increasingly risky loans they were securitizing, the bank and its employees concealed these defects, ’’ Mr. Holder said.
He said the settlement on Monday did not absolve “Citigroup or its individual employees” from facing future criminal charges.
Won't hold my breath on that last part.
BofA is next.